2017 is a brand new year and a new opportunity for some to get their finances in order. Mellody Hobson is something of an expert on the subject and she has some great advice on managing personal financial affairs.
“The story that is certain to have an impact on everyone’s finances is interest rates. We touched on this just a few weeks ago when the Federal Reserve’s open markets committee raised rates slightly in December. This rate increase means that everything from mortgage rates to auto loans to credit card interest rates will rise for Americans. In 2017, the Federal Reserve is expected to continue pushing interest rates higher so long as the economy continues to grow and unemployment remains very low.”(Source: Black America Web, Mellody Hobson)